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¥300,000

Ooi Katayama, Kita-ku, Okayama City, Okayama Prefecture

岡山県岡山市北区大井片山

Buy Renovation Project Land Forest Needs Renovation Rural Quiet Area

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Overgrown Land with Dilapidated House in Okayama City

This property in Okayama City, Okayama Prefecture, consists of land with a dilapidated house that has been left unattended for decades. The land, measuring 380.16 square meters across two lots, was originally purchased by the seller's father and uncle in 1979 with the intention of building a vacation home. However, due to a move far away, the property was never used and is now being offered for sale. The site is located on a slope, divided into three tiers by retaining walls approximately 1.2 meters high. It offers a quiet setting with good views, and a small park with a bench is located in front of the property. Convenience has improved recently with a Seven-Eleven convenience store opening just a 4-minute walk (300 meters) away.

The existing wooden, tile-roofed single-story buildings, believed to be two in number, have deteriorated significantly due to lack of maintenance. The land itself has become overgrown with brush and bamboo groves. One of the buildings, located near a small Inari shrine, may or may not be situated within the property boundaries. The buildings have never been registered, and due to a failure to update the taxpayer records, they remain listed under a different name on the tax ledger. The seller notes that while it is not within a special alert zone for sediment-related disasters, it is within a caution zone. The property is located in an urbanization control area and does not meet road access requirements, but the seller suggests that rebuilding a private residence may be possible by obtaining a building permit or through a building confirmation application to renovate the existing structure. However, the buyer would need to handle the registration process or correct the taxpayer name for the buildings, likely requiring consultation with a land and house surveyor. A small cemetery exists on neighboring land to the west and south, and wild boar are known to appear in the area, making home gardening difficult. The property includes no parking, and the front road is a municipal road only about 1.7 meters wide, preventing vehicle entry onto the site. Public water piping is available on the front road but has not been connected to the property. The area uses propane gas, and while there is evidence of past electrical wiring, it is no longer connected. Sewage systems are not in place, and the installation of a combined treatment septic tank is being promoted in the region. The annual fixed asset tax is approximately 9,100 yen, with no city planning tax.

This description was AI-generated from the original Japanese listing and may contain inaccuracies. Please verify details with the source listing.

Summary

Land size: 380 / 4,092sqft

Short-Term Rental (Minpaku)

Transport

Nearest Konbini

seven_eleven Seven Eleven — 10 min walk

Internet Connectivity

Natural Hazard Assessment

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View Plans
¥300,000
Purchase Cost & Tax Estimates
Agent fee (3% + tax)¥000,000
Acquisition tax¥000,000
Registration & stamp¥000,000
Property tax (annual)¥00,000/yr
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Airbnb Revenue Estimate
Nightly Rate¥00,000
Occupancy Rate00%
Est. booked nights/year000 nights
Net annual income ¥0,000,000
Monthly equivalent¥000,000
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Investment ROI
Annual yield0.0%
Break-even00.0 years
5-year return¥0,000,000
10-year return ¥00,000,000
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All figures are illustrative estimates only and do not constitute financial, investment, or legal advice. Consult a qualified professional before making any investment decision. Terms apply.

Ooi Katayama, Kita-ku, Okayama City, Okayama Prefecture

岡山県岡山市北区大井片山

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Source: ieichiba.com

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